\renewcommand{\arraystretch}{1.}\begin{tabular}{lcccccc}
\hline \hline
Event Type & \# Events & Obs & $\bar{\Delta ln(SP^A)}$ & J1-stat & $\bar{\Delta BE}$ \\
\cline{1-6}
\multicolumn{6}{c}{2007-2008} \\
Good News Event&6 &12 &-2.229 &-2.935 &0.187 \\
Bad News Event&5&10 &1.477 &1.775 &-0.105 \\
\multicolumn{6}{c}{2010-2011} \\
Good News Event&5 &10 &-0.251 &-0.400 &0.283 \\
Bad News Event&7&14 &0.761 &1.439 &-0.208 \\
\hline \hline
\end{tabular}
